Gateway Mining Commences RC Drilling at Montague Gold Project

THE DRILL SERGEANT: Gateway Mining (ASX: GML) reported the commencement of a new phase of Reverse Circulation (RC) drilling at the company’s Montague gold project, located in the Murchison Gold District of Western Australia.

Gateway Mining will be drilling is its first systematic program testing the entire strike length of the mineralised Montague-Caledonian shear system below the project’s historic Caledonian pit, which was mined in the late 1980s.

The company explained this same shear system hosts the Montague-Boulder deposit, located over 1.3 kilometres to the north, where Gateway has delineated a 163,000 ounces Indicated and Inferred Resource below the historic Montague-Boulder open pit.

“Our initial drilling below this pit, which for the first time tested the continuation of the ore-zone into the fresh rock, intersected the host Caledonian-Montague shear zone and returned a significant thickness of plus one gram per tonne gold mineralisation last year,” Gateway Mining managing director Mark Cossom said in the company’s ASX announcement.

“This new program is designed to extend this zone over a strike length of over 450 metres, down to 150 metres below surface.

“We will also shortly commence a major soil geochemistry program that will cover over 20 kilometres of strike of the mineralised structures north of Montague, where we believe there is outstanding potential to make new large-scale discoveries under cover.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE